Value Investor Research
ECM: Shin Yang Shipping: Builds on fleet
value_investor
Publish date: Thu, 16 Feb 2012, 11:25 PM
Shin Yang Shipping Corp Bhd (Syscorp) has acquired more than 20 vessels, mostly container ships and chemical tankers, from Swee Joo Bhd. Swee Joo, one of Sarawak's oldest and most established shipping firms, is under voluntary liquidation due to insolvency. Shareholders voted to wind up Swee Joo five months ago after the group failed to resolve total borrowings of some
RM460m. (Starbiz)
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